Griffith

POSTAL CODE: NSW, 2680

HOUSE

UNIT

Property investors have seen a 1.64% gain in GRIFFITH based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $620,000

Profits averaged 6.33% per annum over a 3-year period, due to an upward trend in home prices in GRIFFITH, 2680.

This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.

The gross rental yield in GRIFFITH, 2680 is 4.36%.

An average of 27.75 real estate transactions take place per month in GRIFFITH which translates to 333 per annum.

Property investments in GRIFFITH fare well against the rest of the country last year, registering a median home price increase of 36.51%.

Figures from the previous quarter show that capital gains for real estate buyers in GRIFFITH are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.

This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In GRIFFITH, homes and units usually stay on listing for an average of N/A.

the NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $530,000

Investors saw the median home price rise to $530,000.

GRIFFITH ranks 278th on the list of best yielding suburbs for rental properties in NSW, posting a 4.22% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$620,000	$530,000
Growth Report
Median Quarterly	1.64%	13.37%
Median 12 month	3.33%	36.51%
Median 3 years	19.23%	34.18%
Median 5 years	58.97%	71.66%
10 years average annual	7.67%	10.69%
Weekly media advert. rent	$520	$430
Time on Market	56.8 days	N/A
Gross Rental Yield Percent	4.36%	4.22%

Demographics (Median Values)*

Total Population 23940

Weekly Household Income 1334

Household Size 2.70

Average Age 37

Monthly Loan Repayment 1500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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